$PENGU I am firm with PENGU, and you? Are you going to continue being greedy and only sell for 2 pesos to profit? And never let the currency grow?

technical analysis and trade signal for $PENGU /USDT based on the current data:



Technical Analysis:

Current Price: $0.0419 (15.95% increase in 24 hours)

Support Level: $0.035972 (24h Low)

Resistance Level: $0.042479 (24h High)

Price Action:

The price is currently trending upwards, reaching a 15.95% increase in the past 24 hours. The price is approaching its resistance level at $0.042479, suggesting a possible pullback or breakout.

Indicators:

Relative Strength Index (RSI): If available, RSI can confirm overbought or oversold conditions.

Moving Averages: Bullish crossover above $0.035972 support could signal a continuation of the upward trend.

Trade Signal:

Buy: If the price consolidates above the $0.0415 level, consider entering the trade, with a target of:

Target 1: $0.0425 (near resistance)

Target 2: $0.0450 (potential breakout area)

Target 3: $0.0470 (extended target after breakout)

Stop Loss: Place a stop loss below $0.0390 to minimize potential losses if the price reverses.

Trade Momentum:

Bullish Momentum: The 15.95% rise in the past 24 hours indicates strong bullish momentum, but caution is advised as the price is near the resistance zone. If the price breaks above $0.0425, the upward trend could continue with more momentum.

Conclusion:

This is a bullish setup with potential for a breakout if the price maintains above $0.0415. Watch for consolidation above support levels before entering the trade to ensure more stable momentum.

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